Nifty crack; 3 Factor lead to the market down
Crude oil price main impact of the market,crude oil may touch 4000 soon because Saudi Arabian political problem more impact in crude oil demand.So oil market companies stocks declined like IOC Reliance industries and ONGC
Currency weakness
Tuesday Indian currency slipped over 0.54%.every $1 per barrel rise in crude oil prices inflates India’s import bill by $1.33 billion, which can potentially put downward pressure on the domestic currency.
Pharma weakness
pharma stock lupin 2 largest drug maker down 18% after warning latter from USFDA for Goa plant.
Crude oil price main impact of the market,crude oil may touch 4000 soon because Saudi Arabian political problem more impact in crude oil demand.So oil market companies stocks declined like IOC Reliance industries and ONGC
Currency weakness
Tuesday Indian currency slipped over 0.54%.every $1 per barrel rise in crude oil prices inflates India’s import bill by $1.33 billion, which can potentially put downward pressure on the domestic currency.
Pharma weakness
pharma stock lupin 2 largest drug maker down 18% after warning latter from USFDA for Goa plant.
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